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Indian economy surges despite challenges

As other BRIC nations stumble, India is riding high on business-friendly policies of the new premier

Thursday, February 19, 2015 - 05:50

NO LONGER A LAGGARD: The growth in India's economy just matched China's pace in recent months. The country's stock market and rupee are surging, while MNCs are looking to expand their operations or start new ones.

PHOTO: BLOOMBERG

Sriperumbudur, India

CHINA'S economy is slowing. Brazil is struggling as commodity prices plunge. Russia, facing Western sanctions and weak oil revenue, is headed into a recession.

As other big developing markets stumble, India is emerging as one of the few hopes for global growth